The U.S. saw a gain in crude oil stocks while the amount held in storage at Oklahoma’s Cushing Hub declined.
The U.S. Energy Information Administration reported the U.S. saw a gain of 3.6 million barrels of crude oil, from 457.1 million barrels recorded on June 14 to 460.7 million barrels as of June 21.
In the previous reporting period, the nation’s crude stocks fell by 2.6 million barrels.
Cushing’s stocks totaled 33.9 million barrels as of June 21, down 200,000 barrels from the 34.1 million barrels recorded on June 14.
The regional hub has seen a decline since early May when, according to the CIA, there were 35 million barrels on hand.